Bond Market Falls 8% in 5 Months

Bonds sold by the government, municipalities and private companies amounted to 702 trillion rials ($2.6 billion) in the first five months of the last fiscal year (March 21- August 22, 2020).

Compared with the first five months of the year before, the sale declined 7.8%, according to data released by the Central Bank of Iran.

As expected, government bonds topped the list. CBI data shows bonds issued by the government and state/government companies reached 579.1 trillion rias ($2.14b) -- 12.1% lower than in the same period a year earlier.